Genuinely got thrown off looking at my screen just now. Everyone is stressing over altcoin bleeds, but it feels more like a standard flight to safety than a total collapse.
The total value of all coins dipped -5.99% since yesterday, bringing everything down to $2.74T. Meanwhile, Bitcoin share of that value climbed up to 59.5%. Coindesk.com mentioned earlier today that ETF flows are wobbling, which explains why traders are running back to $BTC for shelter.
What surprises me is that the Fear and Greed index is still hanging out at 68. People aren't terrified, they're just getting cautious with their smaller tokens.
Are you hiding out in $BTC until things stabilize, or are you actually buying these alt drops?
NFA | DYOR #BinanceSquare #WriteToEarn #Altcoins #HODL #Crypto
The total value of all coins dipped -5.99% since yesterday, bringing everything down to $2.74T. Meanwhile, Bitcoin share of that value climbed up to 59.5%. Coindesk.com mentioned earlier today that ETF flows are wobbling, which explains why traders are running back to $BTC for shelter.
What surprises me is that the Fear and Greed index is still hanging out at 68. People aren't terrified, they're just getting cautious with their smaller tokens.
Are you hiding out in $BTC until things stabilize, or are you actually buying these alt drops?
NFA | DYOR #BinanceSquare #WriteToEarn #Altcoins #HODL #Crypto